| Trustees' | Annual Report |
Annual Report |
|---|---|---|
| Statement | of Trustees' | Repsonsibilities |
| Independent Examiner's |
Report | |
| Statement | of Financial | Activities |
| Balance Sheet | ||
| Notes to | the Accounts |
| OTTAGES NT OF FINANCIAL ACTIVITIES |
OTTAGES NT OF FINANCIAL ACTIVITIES |
OTTAGES NT OF FINANCIAL ACTIVITIES |
OTTAGES NT OF FINANCIAL ACTIVITIES |
||
|---|---|---|---|---|---|
| YEAR ENDED 31DECEMBER 2022 | PAGE 6 | ||||
| 2022 | 2021 | ||||
| 2 | |||||
| INCOME (all unrestricted) | |||||
| Rents | 46,554 | 46,872 | |||
| Charities deposit fund | interest | 9 | |||
| NAACIF income shares | 244 | 230 | |||
| Clarke Foundation | 6,500 | ||||
| Somerset Community |
Foundation | 10,000 | |||
| Bernard Sunley Grant | 5,000 | ||||
| Sale of storage unit |
800 | ||||
| TOTAL RECEIPTS | 46,807 | 69,402 | |||
| EXPENDITURE (all | unrestricted) | ||||
| Water and drainage | rates | 1,225 | 1,156 | ||
| Outside lighting |
505 | 511 | |||
| Gas | 1,668 | 2,698 | |||
| Insurance | 1,561 | 1,410 | |||
| Property maintenance | 4,392 | 2,535 | |||
| Garden maintenance |
4,761 | 3,580 | |||
| Repairs & maintenance |
4,041 | 72,615 | |||
| National Association |
of Almshouses | 187 | 182 | ||
| Clerk's fees | 6,000 | 6,000 | |||
| Accountancy | 960 | 960 | |||
| Professional fees |
720 | 480 | |||
| General expenses | 246 | 327 | |||
| Piper lifeline | 374 | 374 | |||
| TOTAL EXPENDITURE | 26,640 | 92,828 | |||
| Net Surplus/(deficit) | for the year | 20,167 | (23,426) | ||
| Unrestricted funds B/F |
41,158 | 64,584 | |||
| Unrestricted funds C/F |
61,325 | 41,158 | |||
| Revaluation Reserve |
movement | (1,324) | 7,355 | ||
| Unrestricted Revaluation |
Reserve B/F | 969,334 | 961,979 | ||
| Unrestricted Revaluation |
Reserve C/F | 968,010 | 969,334 | ||
| Total funds | 1,029,335 | 1,010,492 |
| 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| FIXEDASSETS | |||||||||
| Freehold property | 971,617 | 971,617 | |||||||
| Less social housing | grant | (35,717) | (35,717) | ||||||
| 935,900 | 935,900 | ||||||||
| CURRENT ASSETS | |||||||||
| Debtors and prepayments | 5 | ||||||||
| Investments | 8 | 52,407 | 53,731 | ||||||
| Cash at bank | 64,796 | 50,938 | |||||||
| COIF deposit funds | 892 | 883 | |||||||
| 118,095 | 105,552 | ||||||||
| 1,053,995 | 1,041,452 | ||||||||
| LIABILITIES | |||||||||
| CREDITORS | (24,660) | (30,960) | |||||||
| 1,029,335 | 1,010,492 | ||||||||
| REPRESENTED BY | |||||||||
| Retained earnings |
61,325 | 41,158 | |||||||
| Revaluation Reserve |
968,010 | 969,334 | |||||||
| 1,029,335 | 1,010,492 | ||||||||
| APPROVED ON BEHALF OF THE | TRUSTEES: | ||||||||
| ,„„„, .........Trustee Mr T Hannah . Mr |
,~.~TrET J Attwater |
||||||||
| f | 8. , ./ET/Z3. DATE. | . | +I.'. | .5.. .~23...DATE |
| 4. | FIXEDASSETS | Total | |
|---|---|---|---|
| B | |||
| VALUATION | |||
| At 1 January 2022 | 971,617 | ||
| At 31 December 2022 | 971,617 | ||
| Less | |||
| SOCIAL HOUSING | GRANT | ||
| At 1 January 2022 and 31 December 2022 | 35,717 | ||
| NET BOOK VALUE | |||
| At1 January2022 | 935,900 | ||
| At 31 December 2022 | 935,900 |
| Accountancy | 960 | 960 | |
|---|---|---|---|
| Loan From Almshouses | Association | 23,700 | 30,000 |
| 24,660 | 30,960 |
| COST | ||||
|---|---|---|---|---|
| NAACIF | Accumulation | 11,798 | 46,254 | 45,891 |
| NAACIF | Income | 2,731 | 6,153 | 7,840 |
| 52,407 | 53,731 |